Research in Motion (NASDAQ:RIMM): The Bounce that Wasn’t

The shock factor of Research in Motion’s (RIMM) guide-down pretty much outweighed the catalyst trade on Friday. All we got was a 1.5-2 pt squeeze at around open that did little else than bring in additional sellers.

I would have preferred a flush toward the $47+ level around open, followed by a nice 2-3 pt bounce throughout the day.

Sometimes it’s all about the trading dynamics.

Sorry to be boring you with this on a Sunday.

About Notable Calls 154 Articles

Notable Calls is composed by an anonymous Wall Street professional who, every morning before market open, collects actionable analyst notes and offers an insightful personal response.

Visit: Notable Calls

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.